Answer:
$509
Explanation:
First, we find the lump sum to pay under the bank terms. The interest rate is 0.5% monthly, which is equivalent to 6.2% annually.
The formula is:
Where:
- P = Present value
- i = interest rate
- n = number of compounding periods of the interest rate
- X = lump sum we need to find
Now, we simply plug the amounts into the formula:
Next, we find the value of the lump sum under the company's preferred terms:
Finally, we susbtract the two figures to find the difference:
Because once they are all gone we will not get them back for several millions of years or we may never get them back
Answer: GIS connects data to a map, integrating location data where things are with all types of descriptive information what things are like there. This provides a foundation for mapping and analysis that is used in science and almost every industry.
Explanation: hope it helps :)
Answer:
physical process: a sustained phenomenon or one marked by gradual changes through a series of states
Explanation:
